By Imani Moise

Discover Financial Services reported first quarter earnings after the closing bell Thursday. Here's what you need to know:

REVENUE: Net revenue excluding interest income jumped 10% to $2.58 billion.

EARNINGS: Profit rose to $666 million, or $1.82 a share, from $564 million, or $1.43 a share, a year earlier. Analysts had forecast earning of $1.77 a share.

LOANS: Total loans grew 9% driven by a 10% increase in credit card loans. Charge off rates increased 48 basis points to 3.17%

STOCK MOVE: Shares rose 1.1% to $73.16 during extended trading, adding to the 0.7% increase logged during Thursday's session. The stock has fallen 5.9% so far this year while the S&P 500 has inched 0.3% lower.

Write to Imani Moise at imani.moise@wsj.com

(END) Dow Jones Newswires

April 26, 2018 17:06 ET (21:06 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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